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Gillespie

Learn about the people, housing, costs and businesses in Gillespie, Illinois

Median Home$102,089
Median Rent$766/month
Population2,910
Leading IndustriesManufacturing · Agriculture & Mining · Wholesale Trade4% manufacturing
Home Value Growth⬆⬆+20.3% over 2 years
Retirees25% of residentsabove average nationally
Homeowners74% of occupied units
NotableAffordable Market$102k median home · lower cost than 91% of the country
Gillespie
IL

Frequently Asked Questions

What are today's mortgage rates in Gillespie?

As of today, the 30-year fixed mortgage rate for Gillespie is approximately 7.446% (7.465% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Gillespie?

The median home value in Gillespie is $102k. The median monthly rent is $766. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gillespie?

Home values in Gillespie have increased 20.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gillespie?

Based on a typical all-in ownership cost of $743/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $32k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gillespie is $78k/year.

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What industries drive the economy in Gillespie?

The largest employment sectors in Gillespie are public administration (19%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.